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DRIVE: Winter 2015
PROGRAM: MBADS (SEM
3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDIB (SEM 1))
SUBJECT CODE &
NAME: IB0013 –Export Import management
BK ID: B 1907
CREDIT & MARKS: 4
CREDITS, 60 MARKS
Q.1: What do you mean
by export? How many types of exports are there? Discuss.
Meaning (5 marks)
Types (5 marks)
Ans:
Meaning:
Traditionally, export is the process by which goods,
services or knowledge are traded across national and international boundaries.
Exporting is merely trading with the only difference that the customer lives in
Q2. What is RCMC? What
is its purpose? How is it obtained?
(RCMC and its purpose,
Procedure) 4, 6
Answer:
It has been
provided under FTP 2009-14 that an export firm shall be granted license to
import/export of items other than restricted items of export/ import or any
other benefit/ concession available under the EXIM policy if it has obtained
the Registration-cum-Membership Certificate (
Q3.
Discuss the stages in processing of an export order.
(Stages
in export order) 10
Answer:
The processing
of an export order is a part of export business. There are considerable risks
involved in processing an export order; therefore, there is a need of proper
care and caution from the side of both parties
Q.4: Write short notes
on:
(a) Transport risk (5 marks)
(b) Credit risk (5 marks)
Meaning and effect of
transport risk
Meaning and effect of
credit risk
Ans:
Meaning and effect of
transport risk:
This risk occurs where the goods are stolen,
pilfered or damaged while in transit. Commercial marine insurance policies will
insure the goods against transport risks. These protect the producer/
Q.5: What is the
significance of bill of lading for exporter and importer? Explain any 2 types.
Bill
of lading (5 marks)
2
types of B/L (5 marks)
Ans:
Bill of lading:
For Exporter
1. It is an acknowledgment from the shipping company
that the goods have been received for the purpose of shipment.
2. After receipt of B/L,
Q.6: What
are the different types of custom duties levied on imported goods?
Explain
the types of custom duties (10 marks)
Ans:
Explain the types of custom duties
Basic custom duty: Duty which is imposed on the value of goods at a
specific rate is known as basic custom duty. It is fixed at a specified rate on
ad-valorem basis. Ad Valorem duties are based on value and
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